Adobe (ADBE) trades at 10x forward earnings despite AI-first ARR tripling YoY to $500M, pointing to a $307 buy target.
Salesforce (CRM) trades near 23x trailing P/E while Autodesk (ADSK) earns roughly half Adobe's EPS, making Adobe's 10x multiple look deeply undervalued.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today.
Adobe (NASDAQ:ADBE) has been one of the most punished large-cap software names of the past year, and the discount has finally gotten interesting. The stock trades at 10x forward earnings, a multiple typically reserved for mature hardware companies rather than a software business generating $27.10 billion in ARR.
Our 24/7 Wall St. price target for Adobe is $307.15, implying roughly 12% upside from the current quote of $276.63. The recommendation is buy, with our model expressing high confidence at 90%.
#adobe #roughly
Salesforce (CRM) trades near 23x trailing P/E while Autodesk (ADSK) earns roughly half Adobe's EPS, making Adobe's 10x multiple look deeply undervalued.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today.
Adobe (NASDAQ:ADBE) has been one of the most punished large-cap software names of the past year, and the discount has finally gotten interesting. The stock trades at 10x forward earnings, a multiple typically reserved for mature hardware companies rather than a software business generating $27.10 billion in ARR.
Our 24/7 Wall St. price target for Adobe is $307.15, implying roughly 12% upside from the current quote of $276.63. The recommendation is buy, with our model expressing high confidence at 90%.
#adobe #roughly
4 days ago
